Nifty September 2nd Week Analysis

Nifty has formed a strong support near 24400 levels and is holding onto it for the last 2 weeks. Now , until 24400 is taken, we should not expect any major down move. On the upside, 24950-25050 is acting as a strong resistance for Nifty in recent times. Now, the move of Nifty will depend on whether it will cross the upside range or breach the downside support. Upon that, we can expect a strong move on that particular side. Although the charts are looking positive for the upcoming week.
All levels are marked in the chart posted.